Malaysia's tokenised asset market could reach US$43bil by 2030
Kenanga Investment Bank Bhd said asset tokenisation represents a structural shift in financial markets, offering "a deeper reform" beyond digital interfaces by reshaping how assets are issued, traded and governed.
The projection is part of a newly released white paper titled 'Project Juara: Malaysia's Asset Tokenisation Opportunity', jointly authored by Kenanga, Saison Capital Pte Ltd, Helicap Labs Pte Ltd and Satori Research Ltd.
"The report outlines a roadmap for building a robust tokenisation ecosystem in Malaysia to drive financial transformation and foster a more inclusive capital market," Kenanga said in a statement.
It added that the initiative aligns with the government's ambition to position Malaysia as a leading hub for digital assets and blockchain technology.
The report calls for a whole-of-nation approach involving traditional financial institutions, infrastructure providers, regulators and community leaders.
It also suggests that early adoption by financial institutions, paired with credible investment products from asset owners, can pave the way for Malaysia's transition to a more inclusive and equitable digital economy.
"This report highlights the scale of what is possible if we take the right steps today," it said, adding that the white paper draws on regulatory, institutional and technological lessons from across Southeast Asia.
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